Don't get too upset about the 3,200-job loss from May to June. The gummint makes wholesale revisions in subsequent reports and the June loss could shrink to nothing. It could go the other way, of course.
What should upset you is that June 2010 employment was around 1,110,000. Law school enrollment is down but we are a long way from the point at which the market can absorb all new graduates; even approaching that point would draw the vast horde of un- and underemployed prior classes out of the woodwork. It will take a generation for the market to correct what the ABA has perpetrated.
|Not seasonally adjusted||June||2012||1,133,700|
|Change from May-13 to|